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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net Income $ 1,115 $ 1,101
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 302 289
Realized investment (gains) losses (94) (107)
Deferred income taxes (8) 14
Net changes in assets and liabilities, net of non-operating effects:    
Premiums, accounts and notes receivable (1,007) (660)
Reinsurance recoverables (53) 67
Deferred policy acquisition costs (112) (100)
Other assets 41 (98)
Insurance liabilities 542 359
Accounts payable, accrued expenses and other liabilities 216 78
Current income taxes 117 100
Loss on extinguishment of debt 100 0
Other, net (50) (41)
Net cash provided by / (used in) operating activities 1,109 1,002
Proceeds from investments sold:    
Fixed maturities and equity securities 1,177 510
Investment maturities and repayments:    
Fixed maturities and equity securities 691 898
Commercial mortgage loans 341 214
Other sales, maturities and repayments (primarily short-term and other long-term investments) 714 1,404
Investments purchased or originated:    
Fixed maturities and equity securities (1,813) (2,583)
Commercial mortgage loans (312) (183)
Other (primarily short-term and other long-term investments) (541) (868)
Property and equipment purchases (246) (236)
Acquisitions, net of cash acquired (107) 0
Other, net 0 12
Net cash provided by/ (used in) investing activities (96) (832)
Cash Flows from Financing Activities    
Deposits and interest credited to contractholder deposit funds 769 790
Withdrawals and benefit payments from contractholder deposit funds (733) (758)
Net change in short-term debt (10) (96)
Net proceeds on issuance of long-term debt 894 0
Repayment of long-term debt (938) 0
Repurchase of common stock (536) (1,029)
Issuance of common stock 128 80
Other, net (20) 6
Net cash provided by / (used in) financing activities (446) (1,007)
Effect of foreign currency rate changes on cash and cash equivalents (18) 9
Net increase (decrease) in cash and cash equivalents 549 (828)
Cash and cash equivalents, January 1 1,420 2,795
Cash and cash equivalents, June 30 1,969 1,967
Supplemental Disclosure of Cash Information:    
Income taxes paid, net of refunds 519 514
Interest paid $ 122 $ 132